Pemex harnesses the Seagull, using options hedging strategy

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Pemex harnesses the Seagull, using options hedging strategy

Pemex, Mexico, LatAm, oil
Esteban - Fotolia

Mexican oil major Pemex has changed the way that it hedges some of its foreign debt liabilities, deploying options instead of cross-currency swaps, a strategy that incoming accounting standards could open up to more corporates.

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